State Board of Administration of Florida Retirement System cut its stake in Phibro Animal Health Corporation (NASDAQ:PAHC) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,180 shares of the company’s stock after selling 3,091 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.22% of Phibro Animal Health Corporation worth $1,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PAHC. Janus Henderson Group PLC acquired a new position in Phibro Animal Health Corporation in the 2nd quarter valued at $6,353,000. AJO LP acquired a new position in Phibro Animal Health Corporation in the 2nd quarter valued at $5,815,000. FMR LLC raised its holdings in Phibro Animal Health Corporation by 31.9% in the 2nd quarter. FMR LLC now owns 584,463 shares of the company’s stock valued at $21,654,000 after acquiring an additional 141,274 shares in the last quarter. Vanguard Group Inc. raised its holdings in Phibro Animal Health Corporation by 8.2% in the 1st quarter. Vanguard Group Inc. now owns 1,729,406 shares of the company’s stock valued at $48,597,000 after acquiring an additional 130,935 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Phibro Animal Health Corporation by 50.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 339,996 shares of the company’s stock valued at $12,599,000 after acquiring an additional 114,230 shares in the last quarter. 50.36% of the stock is owned by hedge funds and other institutional investors.

Phibro Animal Health Corporation (NASDAQ PAHC) opened at $34.85 on Friday. Phibro Animal Health Corporation has a fifty-two week low of $26.10 and a fifty-two week high of $40.25. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.26 and a quick ratio of 1.85. The stock has a market capitalization of $1,376.27, a PE ratio of 22.39, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35.

Phibro Animal Health Corporation (NASDAQ:PAHC) last issued its earnings results on Monday, November 6th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Phibro Animal Health Corporation had a return on equity of 42.75% and a net margin of 8.87%. The business had revenue of $193.40 million during the quarter, compared to analysts’ expectations of $189.89 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. equities analysts forecast that Phibro Animal Health Corporation will post 1.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.15%. Phibro Animal Health Corporation’s payout ratio is presently 23.53%.

A number of research firms have recently commented on PAHC. Zacks Investment Research cut Phibro Animal Health Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reissued a “buy” rating and set a $42.00 price target on shares of Phibro Animal Health Corporation in a report on Friday, November 10th. ValuEngine cut Phibro Animal Health Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub cut Phibro Animal Health Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Finally, Bank of America Corporation reissued an “underperform” rating and set a $33.00 price target on shares of Phibro Animal Health Corporation in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.25.

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In other Phibro Animal Health Corporation news, insider Dean J. Warras sold 10,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $35.70, for a total value of $357,000.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $357,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Larry Lee Miller sold 32,459 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $35.59, for a total value of $1,155,215.81. Following the completion of the sale, the chief operating officer now owns 4,237 shares in the company, valued at approximately $150,794.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 284,767 shares of company stock valued at $10,317,421. Insiders own 51.88% of the company’s stock.

About Phibro Animal Health Corporation

Phibro Animal Health Corporation (Phibro) is a global diversified animal health and mineral nutrition company. The Company operates in three segments, which include Animal Health, Mineral Nutrition and Performance Products. The Company offers various products, which include Animal health products, such as antibacterials, anticoccidials, vaccines, nutritional specialty products and mineral nutrition products.

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Institutional Ownership by Quarter for Phibro Animal Health Corporation (NASDAQ:PAHC)

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